30 results
- 20 Jul 2025
SEC to Introduce USSD Codes to Fight Ponzi Schemes
Securities and Exchange Commission (SEC) is set to introduce a USSD Ponzi schemes and illegal investment activities in Nigeria. Dr. Emomotimi Agama, director-general of the SEC, disclosed this in an…
- 16 Feb 2022
SEC Enlists other Agencies to Curb Ponzi Schemes
Securities and Exchange Commission (SEC) is working in collaboration with other agencies to clean up the Nigerian capital market of Ponzi schemes. Mr Lamido Yugudu, director-general of SEC, expressed…
- 28 Dec 2021
SEC Warns Nigerians Against Dealings with FinAfrica, Poyoyo Investment Schemes
The Securities and Exchange Commission, SEC, has warned the public against dealing with FinAfrica Investment Ltd and Poyoyo Investment. A circular from SEC management and posted on the commission’s…
- 2 Dec 2024
SEC Flags Marino FX as Illegal Crypto Exchange
The Securities and Exchange Commission (SEC) has issued a public notice disowning Marino FX Limited, a company claiming to be a SEC-licensed cryptocurrency exchange. According to the regulatory body,…
- 8 Aug 2022
SEC Warns of Possible Loss of Investments through Crowdfunding Platforms
Securities and Exchange Commission (SEC) has advised Nigerians and the investing not to stake their funds in unregistered crowdfunding platforms as they could lose their investments. SEC in a…
- 3 Sept 2025
SEC Warns Nigerians against Online Platforms Dangling Unrealistic Financial Returns
Emomotimi Agama, director-general of the Securities and Exchange Commission (SEC), has warned Nigerians to beware of online platforms promising unrealistic financial returns. Emomotimi Agama, DG, SEC…
- 19 Feb 2019
SEC Seals Firm for Illegal Capital Market Activities
The Securities and Exchange Commission (SEC) has sealed off the premises of a firm, Growing Circle International in Lagos for engaging in illegal fund management activities. Mrs Efe Ebelo, SEC…
- 16 Aug 2022
SEC Reiterates Commitment to Investor Protection
Securities and Exchange Commission (SEC) has restated that the protection of investors in the capital market is a top priority to it. Mr. Dayo Obisan, executive commission Operations of the SEC,…
- 12 Nov 2013
SEC Enforces Closure of the Offices Royal Benchmark
Securities and Exchange Commission (SEC) has enforced the closure of the offices of Royal Benchmark in Oyo State. This is coming only a few days after the SEC took a similar action against another…
- 21 Mar 2013
SEC Axes Ecobank from Capital Market Activities over Loan
Securities and Exchange Commission (SEC) yesterday suspended Ecobank Plc from all capital market activities because of irregularities surrounding a loan. SEC said in a statement that Ecobank’s client…
- 26 Jan 2020
SEC to Descend on Illegal Fund Managers
Mary Uduk, acting director-general, Securities and Exchange Commission (SEC) has restated the determination of SEC to go after illegal fund managers and ensure they are made to face the full wrath of…
- 17 Jun 2025
SEC Working on Stablecoin Regulation Framework
Securities and Exchange Commission (SEC) is working with developers to establish a regulatory framework for stablecoins, according to Dr. Emomotimi Agama, director-general, SEC. Agama made this…
- 28 Jun 2020
SEC Disclaims iBSmartify Nigeria, Warns Investors
Securities and Exchange Commission (SEC), has disclaimed the activities of iBSmartify Nigeria, and warned Nigerians to desist from patronizing the firm or any of its products. SEC said that the…
- 14 May 2015
Senate Confirms Gwarzo as SEC DG
The Senate on Wednesday confirmed Mallam Mounir Gwarzo as the substantive Director-General of the Securities and Exchange Commission, (SEC). A statement by SEC said the confirmation followed the…
- 9 Apr 2025
Nigeria to Exit Grey List Soon – SEC
Nigeria may soon exit the Financial Action Task Force (FATF) grey list, Emomotimi Agama, director-general, Securities and Exchange Commission (SEC), has said. Emomotimi Agama, DG, SEC This is with…
- 4 Dec 2018
SEC Launches Green Bond Rules
The Securities and Exchange Commission (SEC) officially launched the Green Bonds issuance rules at a ceremony on Monday. Speaking at the launch of the rules, Ms. Mary Uduk, Ag. Director-General, SEC…
- 16 May 2019
SEC Warns Nigerians Against Trending Ponzi Scheme
SEC Says ‘Loom Money Nigeria’ is a Fraudulent Scheme, Securities and Exchange Commission (SEC) has warned Nigerians against fraudsters currently running an online investment scheme tagged…
- 29 Dec 2023
SEC says Nigeria’s Potential for Islamic Finance Jurisdiction Outstanding
The Securities and Exchange Commission (SEC) has said Nigeria has the potential to join the leading global Islamic finance jurisdictions. Mr. Lamido Yuguda, Director General, SEC, said this when the…
- 30 Jun 2019
SEC Urges Investors of Defunct Skye Bank to Claim their Dividends
Securities and Exchange Commission (SEC), has reiterated its earlier directives to shareholders of the defunct Skye Bank to claim their dividends. The Acting Director-General, SEC, Mrs Mary Uduk made…
- 21 Dec 2015
SEC Revokes Licences of 84 Capital Market Operators
Securities and Exchange Commission (SEC) over the weekend revoked the operational licences of “84 capital market operators that are inactive”. A statement from SEC called on the Nigerian Stock…
- 18 Apr 2021
SEC, CBN in Talks on Crypto Market Regulation
Securities and Exchange Commission (SEC) has said it is in discussion with the Central Bank of Nigeria (CBN) on how to better understand and regulate the crypto currency market in the country. SEC…
- 8 Apr 2022
SEC to Tackle Cyber-security Threats in Capital Market
The Securities and Exchange Commission (SEC) has disclosed it has commenced measures to tackle any potential cyber-security threat in the Nigerian capital market. Director-General of SEC, Mr. Lamido…
- 25 May 2021
SEC Considering Job Cuts to Save Cost
Security and Exchange Commission (SEC), said it was considering an option that would help it reduce the cost of governance. Lamido Yuguda, director-general of SEC, who appeared the House of…
- 14 Dec 2023
SEC Seals Offices of Ready Finance for Engaging in Illegal Investment
Securities and Exchange Commission (SEC), have sealed the premises of Ready Finance Investors Limited for allegedly engaging in illegal investment and other capital market activities. SEC in a…
- 8 Sept 2014
FRC Accuses SEC, NPA of not Remitting N28.27Bn
The Fiscal Responsibility Commission (FRC) has accused two government agencies – the Securities and Exchange Commission (SEC) and the Nigerian Ports Authority (NPA) – of failing to remit…
- 2 Oct 2024
SEC Charges Oyebola, Nigerian Auditor for Allegedly Aiding Tingo Group’s Fraud
The U.S. Securities and Exchange Commission (SEC) has charged Nigerian auditor Olayinka Oyebola and his accounting firm, Olayinka Oyebola & Co., for their alleged involvement in a major…
- 31 Dec 2014
SEC Approves UBA’s Rights Issue
Securities and Exchange Commission (SEC) has approved the proposed rights issue of N13 billion for existing shareholders of UBA Plc. Mr. Obi Adindu, Communications adviser to SEC Director-General,…
- 16 Jun 2021
SEC Plans Regulatory Incubation Programme for FinTechs Operators
Securities and Exchange Commission (SEC) has announced the imminent roll-out of the SEC Regulatory Incubation (RI) programme for FinTechs operating or seeking to operate in the Nigerian Capital…
- 9 Nov 2015
SEC, DMO Move to Collaborate to Boost Domestic Bond Market
The Securities and Exchange Commission (SEC) and the Debt Management Office (DMO) have agreed to work in synergy for the growth and development of Nigeria’s financial system, particularly, the…
- 21 Jan 2016
SEC, DMO to Collaborate on Issuance of Nigeria’s First Sovereign Sukuk
The aspiration for issuing Nigeria’s first sovereign sukuk received a huge boost yesterday as the Securities and Exchange Commission (SEC) and the Debt Management Office (DMO) committed to strengthen…